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Can Change Orders Jeopardize Bond Protection?

Construction Dive

The bonds incorporate the terms of the construction contract or subcontract by reference. And those contracts authorize alteration through change orders. But what if the surety discovers that the change order process has radically altered the contract it originally agreed to cover? ” Read more.

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Job Order Contracting – Recommended Best Practices

Job Order Contracting

Assure fair owner/contractor negotiations occur for all individual projects in order to assure quality and timely work at fair and reasonable prices. Establish processes and guidelines for evaluating and negotiating Contractor Job Order Contract proposals. Place limits on the use of non-prepriced line times.

Contract 100
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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

Job Order Contract A Job Order Contract is a competitive sealed proposal firm fixed price, indefinite-delivery, indefinite quantity (IDIQ) contract to perform work for the ORGANIZATION NAME. coefficient (reference table of allowable overhead). This action will require a modification to the JO to reflect a change order credit.

Contract 100
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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

Here both parties need to negotiate terms to better protect when a dispute arises. There are a number of provisions which could be contained in a prime/subcontractor contract that need to raise a red flag when present and should be negotiated by either party so as to keep the contract from becoming one-sided. Notice Provisions.

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Custom Home Builder Who Cheated His Framing Contractor

Contractor Bookkeeping

To protect his privacy we will refer to him as John, not his real name. A customer is someone who treats everyone and everything as a commodity negotiates the lowest possible price, leaves nothing but bad feelings, squeezes every last ounce of value and withholds payment as long as possible. A Framing Contractor''s Story.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

And finally, cloud-based record-keeping means that construction companies can make better predictions about how much to charge clients because all the data is right there–including vendor pricing, past estimates, and records of change orders. Process Change Orders Quickly. Automate P2P.

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Top 3 Tips for Improving Cash Flow as a Construction Contractor

ProcurementExpress.com

And finally, cloud-based record-keeping means that construction companies can make better predictions about how much to charge clients because all the data is right there–including vendor pricing, past estimates, and records of change orders. Process Change Orders Quickly. Automate P2P.